Marks and Spencer’s CEO, Stuart Machin, reassured customers that the retailer is working tirelessly to restore operations following a cyber attack that has cost the company over £600 million in value. The attack, which began two weeks ago, has disrupted M&S’s online orders and prompted a police investigation, marking it as part of a concerning trend as other retailers like the Co-op and Harrods also faced similar threats, raising alarm about the retail sector’s vulnerability to coordinated cyber attacks. Experts highlight that large retailers are attractive targets for hackers due to their valuable customer data and fragmented operations, exacerbated by the shift to hybrid working post-COVID-19.
